LOI are the preferred tool for larger deals….why? Well the contracts are that are standardized are generally not going to work for the complexity involved. That being said in my opinion they afford the buyer the most protection as they are not binding. Smart sellers at the Main Street level will incur more legal fees
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PERSONAL BRANDING IN SMALL BUSINESS
Builds credibility and trust: A strong personal brand can establish an entrepreneur as an expert in their field and build trust with potential customers or clients. When people know and trust the entrepreneur, they are more likely to do business with them.
Seller Tsunami…yeah not so much
Entrepreneurs in my experience particularly the small Main Street businesses usually have bad financial planning and quite often go all in on get rich quick things like flipping houses etc. Risk, Hedging, diversity of portfolios all are singularly uncommon in my experience. Im not going to drill down on why but take note….2008 hit. It decimated many many Business owners who had either all their money in their business or had bought real estate which collapsed.
How does mezzanine financing work?
Mezzanine financing is a type of financing that combines elements of both debt and equity financing. It typically involves a company borrowing money from investors in exchange for the promise of future interest payments and an ownership stake in the company. Mezzanine financing is often used by companies to raise capital for expansion or to […]
ChatGPT: How you can use it today in your small business
I wanted to understand its output, viability, potential implications, and possible utilization in the market for small business owners. So here are the 3 top uses for Chat GPT for small businesses…and my small I mean those bootstrapping themselves to growth and market share.